Coverage Banking/Group - Day in the life (REQUEST)*

Disclaimer: I am requesting for someone on WSO to submit a "Day in the life" post of thread.

WHY? --- I am currently working with HR to secure a move internally into coverage banking/into the coverage group in IBD (I am coming from MO, but with FO experience).

WHAT I WOULD LIKE ANSWERED ---

  1. What are your responsibilities?

  2. What does a usual day look like for you? (Hours, work load, used apps (excel, modelling etc)

  3. What is the pay like?

  4. Is there a difference between coverage banking and IB? If so, WHY CB over IB? (At my bank it's lumped into one CIB)

  5. Do you have any advice on how to prepare for a 1st year analyst role in CB?

  6. Any recommended books? Courses?

If this has already been done by someone on WSO please send me the link.

Many thanks.

SP

1 Comments
 
Best Response

Omnis voluptatum temporibus aut dolorum at consequatur. Quasi cumque exercitationem itaque officia. Cum optio neque impedit molestiae accusantium unde qui. Ut sed enim eum modi accusamus. Et fugit velit ducimus. Unde ab voluptatem iusto est consequatur adipisci et.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (72) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”